I have been told that in the State of Texas that a credit card company CANNOT garnish your wages or bank accounts for a unpaid credit card balance. Is this a fact.......................please explain.
2007-02-05 10:47:52 · 6 answers · asked by Anonymous in Business & Finance ➔ Credit
In Texas ,Lawsuits by credit card companies against credit card holders are extremely rare, however, when a consumer lawyer intervenes.
Most of the 10,000 credit card companies will not sue the cardholder who has a consumer lawyer who intervenes and notifies and instructs the creditor to deal with the lawyer and not the cardholder.
get more information at : http://www.credit-card-forums.com/
2007-02-05 16:07:47 · answer #1 · answered by Anonymous · 0⤊ 0⤋
don't know for sure about texas, you might want to consult an attorney for the correct info. in most states a credit card company can, indeed, file a lawsuit to recover what you owe them. if you get sued, DO NOT ignore it. try working with the court to set up a payment plan that you can handle. if you let the suit go through, the court will send through a garnishment order and your wages will be garnished. the amount taken from your check each pay period can be a big chunk, in some states up to 50% of your before tax wages. if you are in this situation your best bet is to consult an attorney if you can;t negotiate with the credit card company yourself.
2007-02-05 11:44:20 · answer #2 · answered by northcountry57 3 · 0⤊ 0⤋
No, In taxes do not allow wage garnishment for any card company. It also depends on terms and condition. But ins general condition Credit Card companies can't detect card pending payment from the account or salary amount without court permission. You can contact for any types legal advices at Busby & Associates.
2014-09-24 01:25:44 · answer #3 · answered by Jacob Singh 3 · 0⤊ 0⤋
In any state, no creditor can garnish your wages without a court order. Unless your have been served a lawsuit, they can't do anything. I don't know if Texas law allows the court to order garnishment for credit card debt.
2007-02-05 11:07:22 · answer #4 · answered by STEVEN F 7 · 0⤊ 0⤋
Depending on what type of credit card it is.. ( unsecured or secured ). if it's an unsecured credit card ( ex: department store card ) then they can not garnish your wages. ( unless you've set up some sort of payment plan with them.
I knwo only a FEW people who have Secured Credit cards. Those are which in your terms you tell them they can have the house, car or all your monies...
Check out the link provided...
2007-02-05 11:10:09 · answer #5 · answered by Just me 1 · 0⤊ 0⤋
They will threaten and call you to court( you do not go) butjust change your phone number
2007-02-05 10:52:43 · answer #6 · answered by cirene40 2 · 0⤊ 1⤋